Blair William & Co. IL Sells 238 Shares of C.H. Robinson Worldwide, Inc. $CHRW

Blair William & Co. IL trimmed its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) by 1.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 20,251 shares of the transportation company’s stock after selling 238 shares during the period. Blair William & Co. IL’s holdings in C.H. Robinson Worldwide were worth $1,943,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CHRW. Assenagon Asset Management S.A. grew its stake in C.H. Robinson Worldwide by 4.1% during the first quarter. Assenagon Asset Management S.A. now owns 8,567 shares of the transportation company’s stock worth $877,000 after buying an additional 340 shares in the last quarter. CX Institutional acquired a new stake in C.H. Robinson Worldwide during the first quarter worth about $92,000. Fifth Third Bancorp grew its stake in C.H. Robinson Worldwide by 5.0% during the first quarter. Fifth Third Bancorp now owns 6,868 shares of the transportation company’s stock worth $703,000 after buying an additional 324 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in C.H. Robinson Worldwide during the first quarter worth about $206,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in C.H. Robinson Worldwide by 2.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 25,124 shares of the transportation company’s stock worth $2,573,000 after buying an additional 589 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHRW. Barclays upgraded shares of C.H. Robinson Worldwide from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $95.00 to $130.00 in a research note on Wednesday, October 1st. Robert W. Baird raised shares of C.H. Robinson Worldwide from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Thursday, July 31st. Susquehanna set a $165.00 price target on shares of C.H. Robinson Worldwide and gave the company a “positive” rating in a report on Wednesday, September 24th. Bank of America lifted their price target on shares of C.H. Robinson Worldwide from $120.00 to $136.00 and gave the company a “buy” rating in a report on Friday, August 22nd. Finally, Raymond James Financial lifted their price target on shares of C.H. Robinson Worldwide from $111.00 to $158.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $136.05.

Insider Transactions at C.H. Robinson Worldwide

In other news, insider Michael John Short sold 6,364 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $117.24, for a total value of $746,115.36. Following the transaction, the insider owned 60,401 shares in the company, valued at approximately $7,081,413.24. The trade was a 9.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela K. Freeman sold 5,713 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $116.24, for a total transaction of $664,079.12. Following the completion of the transaction, the insider owned 65,728 shares in the company, valued at $7,640,222.72. This trade represents a 8.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,577 shares of company stock worth $1,714,544. Company insiders own 0.91% of the company’s stock.

C.H. Robinson Worldwide Stock Up 2.9%

NASDAQ:CHRW opened at $127.98 on Wednesday. The firm’s 50 day simple moving average is $128.16 and its 200 day simple moving average is $107.06. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.31 and a quick ratio of 1.31. C.H. Robinson Worldwide, Inc. has a one year low of $84.68 and a one year high of $138.00. The company has a market cap of $15.11 billion, a PE ratio of 29.15, a P/E/G ratio of 1.72 and a beta of 0.90.

C.H. Robinson Worldwide (NASDAQ:CHRW) last posted its earnings results on Wednesday, July 30th. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.17 by $0.12. C.H. Robinson Worldwide had a net margin of 3.14% and a return on equity of 35.01%. The business had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $4.16 billion. During the same period last year, the company earned $1.15 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 4.83 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Friday, September 5th were given a $0.62 dividend. The ex-dividend date was Friday, September 5th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 1.9%. C.H. Robinson Worldwide’s payout ratio is 56.49%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc, together with its subsidiaries, provides freight transportation services, and related logistics and supply chain services in the United States and internationally. It operates through two segments: North American Surface Transportation and Global Forwarding. The company offers transportation and logistics services, such as truckload, less than truckload transportation brokerage services, which include the shipment of single or multiple pallets of freight; intermodal transportation that comprises the shipment service of freight in containers or trailers by a combination of truck and rail; and non-vessel operating common carrier and freight forwarding services, as well as organizes air shipments and provides door-to-door services.